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Blogs / MMT Lens

Why fixing poverty and inequality does not depend on a benevolent global wealthy elite

1st February 201929th January 2019

“Any man can make mistakes, but only an idiot persists in his error,” said the Roman philosopher Cicero. Now that we know how inequality harms the health of societies, individuals, and …

Why fixing poverty and inequality does not depend on a benevolent global wealthy elite Read More
Blogs / MMT Lens

Governments should be judged by the way they treat their elders not whether they balanced their accounts

25th January 201918th January 2019

‘How we treat our old people is a crucial test of our national quality. A nation that lacks gratitude to those who have honestly worked for her in the past …

Governments should be judged by the way they treat their elders not whether they balanced their accounts Read More
Blogs / MMT Lens

The day MMT officially went mainstream?

18th January 201918th January 2019

On Wednesday 16 January an unusual event occurred. FTAlphaville, a news and commentary service for financial market professionals provided by the Financial Times, published an article by Brendan Greeley entitled …

The day MMT officially went mainstream? Read More
Blogs / MMT Lens

New Year….same old economic orthodoxy

11th January 201911th January 2019

At the end of 2018 the economic wizard, George Osborne, entertained the public, yet again, with the claim that at the time of the general election in 2010 the country …

New Year….same old economic orthodoxy Read More
Blogs / MMT Lens

“Austerity is theft, the greatest transfer of wealth from poor to the rich since the enclosures.”

4th January 20194th January 2019

Fuad Alakbarov (Azerbaijani-Scottish human rights activist, political commentator and humanitarian.)   In the week before Christmas, the Secretary of State for housing claimed that the sky rocketing levels of homelessness …

“Austerity is theft, the greatest transfer of wealth from poor to the rich since the enclosures.” Read More
Blogs / MMT Lens

Where does the Magic Money Tree Grow?

28th December 201829th December 2018

This week GIMMS extends a very warm welcome to Phil Armstrong, our guest MMT Lens author. GIMMS published his paper “Modern Monetary Theory and a Heterodox Alternative Paradigm” earlier this week …

Where does the Magic Money Tree Grow? Read More
Blogs / MMT Lens

Post-Growth and MMT

21st December 2018

In an age of endless consumption which keeps the economic wheels turning it is no surprise that our leaders have failed dismally to address adequately the very real and long-term …

Post-Growth and MMT Read More
Blogs / MMT Lens

Social Care and how we can pay for it

14th December 201814th December 2018

Social care is in a state of collapse. Despite an additional £2bn of government funding, cash strapped local authorities have been unable to afford the fees charged by private care …

Social Care and how we can pay for it Read More
Blogs / MMT Lens

The Big Society and the NHS

9th December 201813th December 2018

In the news this week… The Daily Mail launches its campaign to create an army of NHS volunteers with the aim of freeing up more time for frontline staff to …

The Big Society and the NHS Read More
Blogs / MMT Lens

Education…education…education

2nd December 20182nd December 2018

And in the news this week…   Education…education…education.   Last week the Public Accounts Committee published its findings on the sale of the student loan book.  The government was criticised …

Education…education…education Read More

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Front cover of "Modern Monetary Theory - Key Insights, leading thinkers
Modern Monetary Theory: Key Insights, Leading Thinkers

Hardback ISBN:

978 1 80220 808 5

Ebook ISBN:

978 1 80220 809 2

More details via the Edward Elgar website.

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Retweet on Twitter Gower Initiative for Modern Money Studies Retweeted
Patricia @patricianpino ·
2 Dec

A short🧵 on MMT & power: First and foremost MMT is a description & does not contain a prescribed pathway for working class liberation. That was not what MMT as a theory set out to do. However, even a description has political implications & here I set out a couple. >

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Steven Hail @stevenhailaus ·
2 Dec

This nonsense is a symptom of living within an essentially barter/full employment model, and having no understanding of monetary systems and balance sheet mechanics, let alone having a view of how people think which is in defiance of reality.

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Steven Hail @stevenhailaus ·
2 Dec

Oh, my God.

You are trying my patience beyond its limit

The institutional set-up in the UK clearly involves currency issuance

Read this, in the Journal of Economic Issues - The Self-Financing State: An Institutional Analysis of... the United Kingdom:

https://www.tandfonline.com/doi/pdf/10.1080/00213624.2025.2533726

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Warren B. Mosler @wbmosler ·
1 Dec

@WolfgangWa1642 @pontus_rendahl I 'invented'/developed what's popularized as MMT.
I'd never read Keynes (or any of the others). It all came from my capital markets experience.
Still does.
Keynes never recognized the source of the price level, or had the understanding that tax liabilities cause unemployment.

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Steven Hail @stevenhailaus ·
1 Dec

Incidentally, something similar happened a couple of years later, when I was preparing people for the Chartered Institute of Bankers qualifying exams. A banker said 'great course, but you know it doesn't work like that, don't you?'. Again, I later learned he (and MMT) was right.

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